IQVIA Holdings (IQV) FY2017 results: revenue $9.7 billion, up 42.4% on the year
IQVIA Holdings Inc. (IQV) reported revenue of $9.7 billion for fiscal 2017, the year ended 31 December 2017, up 42.4% on the year before. Net income was $1.3 billion, up 1673.6%, and diluted earnings per share $5.74. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2018.
Revenue
$9.7 billion
+42.4% on the year
FY2011FY2017
Operating margin
6.9%
8.5% a year earlier
FY2011FY2017
Net income
$1.3 billion
+1,673.6% on the year
FY2011FY2017
Diluted EPS
$5.74
+1,121.3% on the year
FY2011FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
9,702
6,815
5,738
+42.4%
Cost of revenue
4,622
3,236
2,705
+42.8%
Gross profit
n/a
n/a
3,033
Gross margin
n/a
n/a
52.9%
Research and development
n/a
n/a
3.3
Selling, general and administrative
1,622
1,016
815
+59.6%
Operating income
665
576
647
+15.5%
Operating margin
6.9%
8.5%
11.3%
Interest expense
346
144
101
+140.3%
Pre-tax income
294
416
539
-29.3%
Income tax
-992
325
159
Effective tax rate
-337.4%
78.1%
29.5%
Net income
1,277
72.0
387
+1,673.6%
Net margin
13.2%
1.1%
6.7%
Diluted EPS
$5.74
$0.47
$3.08
+1,121.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
970
860
476
+12.8%
Capital expenditure
369
164
78.0
+125.0%
Free cash flow
601
696
398
-13.6%
Free cash flow margin
6.2%
10.2%
6.9%
Cash from investing
-1,190
1,731
n/a
Cash from financing
-72.0
-2,284
n/a
Depreciation and amortisation
1,011
289
128
+249.8%
Share-based compensation
106
80.0
38.0
+32.5%
Buybacks
2,620
1,097
515
+138.8%
Diluted shares, weighted
223m
152m
126m
+46.4%
Shares outstanding at period end
n/a
248m
119m
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
7,995
8,633
-564
-7.4%
Non-controlling interest
249
227
228
+9.7%
Debt
10,269
7,219
2,501
+42.2%
Other liabilities
4,344
5,129
1,762
-15.3%
Total liabilities and equity
22,857
21,208
3,926
+7.8%
Fixed assets
440
406
188
+8.4%
Goodwill
11,850
10,727
720
+10.5%
Intangible assets
6,591
6,390
368
+3.1%
Investments
54.0
53.0
33.0
+1.9%
Cash and equivalents
959
1,198
977
-19.9%
Receivables
2,097
1,707
1,166
+22.8%
Other assets
866
727
475
+19.1%
Total assets
22,857
21,208
3,926
+7.8%
10-K for the year ended 31 December 2017, filed 16 February 2018: the filing.